MFP BOP Afriland Cameroon

active

The project consists of an unsecured senior loan of up to US$60 million equivalent in EUR with a maturity of up to 5 years, and up to 12 months grace period, of which IFC’s own account (“O/A”) is US$20 million and the remaining US$40 million is mobilized from other lenders to Afriland First Bank Cameroon (“Afriland”, or the “Bank”), an existing IFC client and the largest bank in Cameroon. The senior loan is intended to provide the Bank access to long term funding, to help scale up lending to small and medium enterprises (“SMEs”), in Cameroon, with a minimum of 25% targeting women-owned enterprises (“WSMEs”).   The Project may be supported by a pooled first loss guarantee of up to US$3 million provided by International Development Agency IDA Private Sector Window Blended Finance Facility (IDA-PSW BFF) allocated to the SME Envelope under the FIG MSME Platform, subject to obtaining the necessary internal approvals.